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WMT · Q2 FY2027 (May-Jul 2026)

Walmart Q2 FY2027
Out of every $100 in sales, $5 was operating profit

Next earnings: Thu, Nov 19, before the open (expected)
Revenue
$186.1B
+6% vs. a year ago
Operating income
$9.4B
+29% vs. a year ago
Net income
$6.4B
-9% vs. a year ago
Operating margin
5.0%
4.1% → 5.0%

Where every $100 of sales went

Per $100 of sales
Revenue
$100
$186.1B
−Cost of revenue
−$75
$138.8B
Gross profit
$25
$47.3B
−SG&A
−$21
$39.8B
Operating income
$5
$9.4B
−Taxes & non-operating items
−$1.6
$3.0B
Net income
$3.4
$6.4B

Last 8 quarters: revenue and operating income

4%FY25 Q34%FY25 Q44%FY26 Q14%FY26 Q24%FY26 Q35%FY26 Q44%FY27 Q15%FY27 Q2

Quarter by quarter

QuarterRevenueOperating incomeOperating marginNet income
Q2 FY2027 (May-Jul 2026)$186.1B$9.4B5.0%$6.4B
Q1 FY2027 (Feb-Apr 2026)$175.7B$7.5B4.3%$5.3B
Q4 FY2026 (Nov-Jan 2026)$188.9B$8.7B4.6%$4.2B
Q3 FY2026 (Aug-Oct 2025)$177.8B$6.7B3.8%$6.1B
Q2 FY2026 (May-Jul 2025)$175.8B$7.3B4.1%$7.0B
Q1 FY2026 (Feb-Apr 2025)$164.0B$7.1B4.4%$4.5B
Q4 FY2025 (Nov-Jan 2025)$178.8B$7.9B4.4%$5.3B
Q3 FY2025 (Aug-Oct 2024)$168.0B$6.7B4.0%$4.6B

XBRL figures from the company's 10-Q and 10-K filings with the SEC. The fourth quarter is the full year minus the first three. Where gross profit isn't reported, it is revenue minus cost of revenue. For information only, not investment advice.

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